Pinnacle Wealth Planning Services Inc. Reduces Stock Position in Aflac Incorporated (NYSE:AFL)

Pinnacle Wealth Planning Services Inc. lessened its position in shares of Aflac Incorporated (NYSE:AFL) by 31.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,610 shares of the financial services provider’s stock after selling 1,215 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in Aflac were worth $270,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Private Trust Co. NA boosted its stake in shares of Aflac by 1.3% in the fourth quarter. Private Trust Co. NA now owns 7,643 shares of the financial services provider’s stock worth $791,000 after buying an additional 99 shares during the last quarter. Phillips Wealth Planners LLC boosted its stake in shares of Aflac by 1.5% in the fourth quarter. Phillips Wealth Planners LLC now owns 6,553 shares of the financial services provider’s stock worth $662,000 after buying an additional 100 shares during the last quarter. Raleigh Capital Management Inc. boosted its stake in shares of Aflac by 23.2% in the fourth quarter. Raleigh Capital Management Inc. now owns 531 shares of the financial services provider’s stock worth $55,000 after buying an additional 100 shares during the last quarter. TKG Advisors LLC boosted its stake in shares of Aflac by 0.5% in the fourth quarter. TKG Advisors LLC now owns 21,255 shares of the financial services provider’s stock worth $2,230,000 after buying an additional 103 shares during the last quarter. Finally, Covestor Ltd boosted its stake in shares of Aflac by 41.8% in the third quarter. Covestor Ltd now owns 363 shares of the financial services provider’s stock worth $41,000 after buying an additional 107 shares during the last quarter. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Wall Street Analysts Forecast Growth

AFL has been the topic of a number of recent research reports. Wells Fargo & Company lowered their target price on Aflac from $104.00 to $102.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 19th. Barclays lowered their target price on Aflac from $98.00 to $95.00 and set an “underweight” rating on the stock in a research note on Friday, February 7th. BMO Capital Markets started coverage on Aflac in a report on Thursday, January 23rd. They issued a “market perform” rating and a $111.00 price target for the company. JPMorgan Chase & Co. upped their price target on Aflac from $90.00 to $94.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Finally, Morgan Stanley upped their price target on Aflac from $98.00 to $105.00 and gave the stock an “equal weight” rating in a report on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $103.36.

Insider Activity at Aflac

In related news, EVP Audrey B. Tillman sold 24,744 shares of the stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $103.40, for a total value of $2,558,529.60. Following the completion of the sale, the executive vice president now owns 222,618 shares of the company’s stock, valued at approximately $23,018,701.20. This trade represents a 10.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.90% of the company’s stock.

Aflac Price Performance

Shares of Aflac stock opened at $108.48 on Friday. The business has a 50 day simple moving average of $105.08 and a two-hundred day simple moving average of $107.70. Aflac Incorporated has a 12 month low of $79.31 and a 12 month high of $115.50. The stock has a market capitalization of $59.29 billion, a P/E ratio of 11.30, a PEG ratio of 3.24 and a beta of 0.93. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.10 and a quick ratio of 0.08.

Aflac (NYSE:AFL) last announced its earnings results on Wednesday, February 5th. The financial services provider reported $1.56 EPS for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.07). Aflac had a net margin of 28.76% and a return on equity of 16.20%. As a group, analysts predict that Aflac Incorporated will post 6.88 EPS for the current fiscal year.

About Aflac

Aflac Incorporated, through its subsidiaries, provides supplemental health and life insurance products. The company operates through Aflac Japan and Aflac U.S. segments. The Aflac Japan segment offers cancer, medical, nursing care, work leave, GIFT, and whole and term life insurance products, as well as WAYS and child endowment plans under saving type insurance products in Japan.